debt
confidence high
sentiment neutral
materiality 0.25
Tavia Acquisition Corp borrows $300K from IPO underwriter via promissory note
Tavia Acquisition Corp.
- Tavia issued a $300,000 promissory note to EarlyBirdCapital, Inc., the IPO underwriter representative.
- Note is non-interest bearing, due upon completion of a business combination or liquidation of trust account.
- Repayment only from funds outside the trust account; if insufficient, note will not be repaid.
- This is standard SPAC working capital financing; no recourse to trust proceeds.